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Hi i live in tangier i have just seen your email so i am asking did you get the Solicitor that you are looking for i use one he is good he speaks english and he can give you advice. I am about to get a new lawyer, so will forward details after next weekend when I have them too. So as soon as I have his name, will forward to you. Did you receive an invitation to their meeting of 13th June 2009? This is to elect members of syndicate and discuss annual service charges etc... I have been told so far that a re-mortgage is not possible at the moment in Morocco, is this fact. Also you can not loan money from a Moroccan Bank and send the funds outside Morocco. If i was you, i think it would be best to hold on to your money. I dont think that i would buy offplan at this time as a number of off plan in tangier have come where to get loans with bad credit to a holt. Buyers please be patient or keep hold orange rocket payday loans of your savings until the slump is over. Initially, yes, very silly - for a mostly unproven tourist destination, at prices that only Europeans can afford and lets face it in orange rocket payday loans a country that doesnt even have the infrastructure for tourism yet.
Secondly, this is the entry price, prices in other emerging markets have risen to these levels gradually after several years, alongside the local populations wealth. But, then on more thought, why shouldnt supposedly quite luxurious and well planned tourist accomodation in (almost! Its the effect of globalisation, a 2 bed appartment on the beach catering for European tourists costs pretty much the same everywhere. Bring into account the uber-rich Arabs and then even Saidia and Al Houara at up 3 times this price could be realistic.
On balance though, I do think as these are mostly tourist developments (not residential) and there are few tourists at present, paying such an inflated prices and hoping for anything other than a longterm profit is a long term personal loan bit ambitious. Yes I understand there are silly prices in Morocco and the country does not really have the tourist, transport, communication and the national health infrastructure.
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On average an appartment is approx 80 square metres. Well, you can still get things done but you will wait forever - and they know damn well you are pushed for time so sit around with your dossier on the desk and do nothing.
This is a fact - and it is high time prospective purchasers were given all of the relevant information before making the decision to purchase.
Our sale completed in March 2008 and we are still waiting to get paid in full!
In my opinion Morocco is NOT a place for UK buyers to invest in property. They are too used to everything being done in the UK on the straight and narrow, when involved in matters of property transactions.
They see a foreigner over there and the only thing on their mind is rich pickings. In fact - after 30 years of spending a fair bit of time over there I realy do think things are getting worse - not better - as a few years ago the bribes they were asking for were a pittance, but now they have got really greedy. I personally know a Moroccan lady who is still trying to get a tenant out of her apartment after THREE years of unpaid rent.
She is Moroccan (the owner) It is a minefield and you just cannot trust anyone to handle your letting for you while you are abroad.
I have been in Morocco in and out for 3 Years and can understand how rife the corruption is in the government departments. Finally I managed to make a mutual agreement for the tenant to vacate.
As I understand in Morocco is that if you dont make the right tenancy agreement then you have to pay the tenant instant pay day loan all the rent back to vacate from your property by the Moroccan Law. Most people prefer to rent appartments through estate agents.
The problem with the people there is that they like to capitalise on every opportunity they can have on a foreign investor.
In morocco there is no regard for society and every one there is for themselves.
For example when people board the bus in Morocco, everyone tries to push through the que. Why do they do that when everyone will eventually board the bus.
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Do you realise the Moroccan mobile meditel and Maroc telecom is more expensive in tariff than England? Do you realise you have to pay garbage tax on your property?
Do you realise you cant buy a car in Morocco until you have a Moroccan residence card? Do you realise that when you go to shop in the souk there are no set prices displayed and that you have to bargain all the time? Do you realise that to marry a moroccan you need to make a dosier of approx 13 documents of yourself plus your fiancee, and you need to seek approval from the judge for marriage? Do you realise that you cant deposit dirham into your bank account until you have a moroccan residence card? Do bad credit loans unsecured you realise that for any minor fault the moroccan police will ask you for bribes?
Do you realise that you can go to jail for giving a bank cheque from an account with insufficient funds? Do you realise that Morocco has big problems with prostitution, peadophilia and child labour?
Do you realise that the minimum wage in Morocco if you happen to be bankrupt and work is approx 1550 dirhams? Do you realise that in August the temperatures are extreme of approx 45 degrees? Do you realise that electric bills are more expensive in touristic areas than local areas? Do you realise that even to orange rocket payday loans use a public toilet you need to tip the waiter? Do you realise that speaking a foreign language will get you in trouble to buy your produce from the souks as they will inflate the prices? Do you realise that shopping for clothes or food is more expensive on average in Morocco than in England? Do you realise alot of Moroccan migrants make there lives more economical to live in Spain, France, Netherlands, Belgium and etc than in Morocco? I think you just pointed out some negative sides of Morocco, which a lot of them are not true.
Weather in Morocco varies greatly- from 40 degrees in August in Marrakech to 20 degrees in August in Ifrane or Essaouira. If you have a property to rent - the obvious choice is to do it through a respectable agency, renewing contract yearly. As for medical expences, they are no different, than say in Spain. If you would need medical help in Spain, unless you have insurance, you would pay a hefty price for any help. Did you forget British Gas ripping you off every winter for keeping you warm? Did you forget robberies, gun crime, knife attacks in broad daylight??? Did you forget that cost of living in London is one of the highest in the world?? Did you forget how many repossesions of homes discount cash advance left families homeless?? Did you forget about goverment actually warning people cashnetusa payday advance loan about shortages of money for pensions and planning to extend retirement age to 67?? And I think most of all you forgot that Morocco is developing North African country. At least in Morocco foreigners are respected and not discriminated against. Yes there are some problems within society - selfishness, greed and materialism, but also there is kindness, hospitality and willingness to change. I think you just pointed out some negative sides of Morocco, which a lot of them are not true. Weather in Morocco varies greatly- from 40 degrees in August in Marrakech to 20 degrees in August in Ifrane or Essaouira. If you have a property to rent - the obvious choice is to do it through a respectable agency, renewing contract yearly. As for medical expences, they are no different, than say in Spain. If you would need medical help in Spain, unless you have insurance, you would pay a hefty price for any help.
Did you forget British Gas ripping you off every winter for keeping you warm?
Did you forget robberies, gun crime, knife attacks in broad daylight??? Did cash usa net you forget that cost of living in London is one of the highest in the world??